Vancouver council makes first revisions to housing tax break program
Requirements for public benefit tightened, but no new limits on affordability
Published: March 15, 2021, 9:05pm
Share: Vancouver City Hall (iStock.com)
The Vancouver City Council made its first concrete changes to an oft-debated tax exemption program meant to increase housing stock within the city, following more than a year of discussion and at least one postponed vote.
The tweaks to the program are minor, a precursor to a broader overhaul city staff plan to undergo later in the year.
“We are planning on coming back,” said Chad Eiken, Vancouver’s community and economic development director. “The current proposal can I guess be considered an interim measure.”